tradersams blog

Lost a few positions as indicated yesterday from my close of day prices.

TAP close

TAP: Closed the position for a 10.2% loss.  If I stuck to the trendline I would have exited the day after I pyramided in my position, but I was using a trailing ATR based stop loss, which kept me in a little longer.  The close two days ago missed the stop loss by 2c so waited to see if it bounced – which it didn’t.

MND:  Closed this position for a 9 % loss.  Based on ATR based stop loss combined with perceived support point.

FMG:  Closed this position for a 14% loss.  Based on ATR based stop loss combined with perceived support point.

So – ultimately not a good set of trades as far as portfolio performance goes, but good in terms of following my plan.